Accor expects full occupancy rebound early next year

Accor’s hotels had an average occupancy of 60% in the first quarter. That was 4.5% points below its 2019 level

May 1, 2023

Accor Group reported strong first-quarter systemwide rate growth attributed to the company “once again” seeing growing demand across all regions and increased momentum in the Asia-Pacific region.

Key takeaways

  • Accor produced systemwide RevPAR of $70.50 (€64) - or 19% above the 2019 pre-pandemic period, driven by an average room rate 27% above the 2019 level.
  • The company forecasted it would generate more than 10 percent growth in revenue per available room growth this year;
  • Asia was the engine for its development before the pandemic and will be again, the company said.

Get the full story at Yahoo! Finance

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